Gartner and Synergy studies show continued cyclical cloud spend

The cloud industry continues to go up and up – both in terms of global public cloud revenue and spending on data centre hardware and software. Those are the key findings from two separate research studies, from Gartner and Synergy Research respectively. Gartner found the worldwide public cloud services market is set to hit $214.3 billion (£164.1bn) in 2019, up 17.5% from the previous year. The primary category will remain SaaS – or cloud application services as Gartner puts it – expecting to account for almost $95bn of that figure this year and $143.7bn by 2022. Yet the fastest growing category will be infrastructure as a service (IaaS), almost doubling in revenue between 2019 and 2022.